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MAGMA POWER CO. APPEARS TO BE SUCCESSFUL BIDDER ON 69 MW OF NEW POWER CONTRACTS WITH SOUTHERN CALIFORNIA EDISON UNDER BRPU BID SOLICITATION

 SAN DIEGO, Jan. 6 /PRNewswire/ -- Magma Power Co. (NASDAQ: MGMA) today announced that, based on data provided by Southern California Edison (SCE), the company appears to have won contracts to produce and sell approximately 69 MW of power to SCE under the California Public Utility Commission's Biennial Resource Plan Update (BRPU).
 Magma Power had announced in early December that, based on preliminary bid rankings released by San Diego Gas & Electric (SDG&E) under the BRPU, the company apparently will be awarded contracts to produce and sell approximately 94 MW of power to SDG&E.
 Under the BRPU, 275 MW of new power production capacity in Southern California were set aside for bidding by companies utilizing renewable energy resources such as geothermal. Of that set-aside amount, SCE solicited bids for 175 MW, and SDG&E solicited bids for 100 MW, all to be developed by the year 2000. Of the megawatts that Magma appears to have won, all 69 MW to be delivered to SCE are scheduled for start-up in 1997. Fifty-five MW to be delivered to SDG&E are scheduled for start-up in 1997, and 39 MW are scheduled for start-up in 1998.
 Paul Pankratz, Magma chairman and chief executive officer, commented, "Magma Power is extremely pleased that we apparently have succeeded in winning a total of 163 MW of the 250 MW set aside for renewable technologies. The acquisition of Unocal's geothermal assets at the Salton Sea in early 1993, combined with our proven technology and strategic resource base, enabled us to submit highly competitive bids."
 SCE as well as SDG&E have filed protests with the CPUC on the manner in which certain bids were structured and are seeking a broader review of the bid process and its results. In response to the utilities' filings, the CPUC has requested that all interested parties respond with their comments by Jan. 20. Participants in the bidding process will then have until Jan. 27 to review and respond to those comments. The CPUC is expected then to act on those filings to determine final bid results.
 Magma operates seven geothermal power plants in Southern California on geothermal leaseholds and fee interests held by the company and holds additional geothermal leasehold and fee interests in other parts of California and Nevada.
 -0- 1/6/94
 /CONTACT: Investor Relations, 619-622-7800/
 (MGMA)


CO: Magma Power Co.; San Diego Gas & Electric; Southern California
 Edison ST: California IN: OIL SU: CON


JM-LS -- SD004 -- 9620 01/06/94 08:00 EST
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Date:Jan 6, 1994
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